Representative Ritchie Torres, a Democrat from New York, during an interview in New York, US, on Tuesday, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images Rep. Ritchie Torres , D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump 's announcement of a five-day delay in attacks on Iran's energy i...
Representative Ritchie Torres, a Democrat from New York, during an interview in New York, US, on Tuesday, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images Rep. Ritchie Torres , D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump 's announcement of a five-day delay in attacks on Iran's energy infrastructure in March. In a letter to Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Michael Selig , first reported by CNBC, Torres cites reports on a series of irregular and well-timed trades in the minutes ahead of Trump calling a pause on hostilities. "What kind of trader would make a massive trade at 6:49 a.m., 15 minutes before a market-moving presidential announcement with billions of dollars at stake and without a hedge?" Torres said in an interview on Wednesday. "The only plausible answer to that question is an insider trader. Any other alternative is a statistical impossibility." More than $500 million in crude oil futures trades were made in the roughly 15 minutes before Trump announced the halt in strikes via Truth Social , Reuters reported last month. The New Yorker reported that in the immediate lead-up to Trump's announcement, there was an abnormal surge in futures trading volume predicting a decline in oil prices and a rebound in equity markets. Read more CNBC politics coverage Trump praises Hungary PM Viktor Orbán after Vance calls him at Budapest rally Bill Gates interview about Jeffrey Epstein by House Oversight set for June 10 House Democrats call on federal regulator to crack down on offshore prediction market war bets Torres in his letter said the "occurrence may constitute one of the largest instances of insider trading in history," and called on the SEC to open a formal investigation and, in consultation with the CFTC, obtain comprehensive trading records. A spokesperson for the SEC on Wednesday de...
Joe Hendrickson/iStock Editorial via Getty Images Co-written with Zach Gordon Thesis Fiserv ( FISV ) is undervalued. Slowing revenue growth and tumultuous management change have led to the stock falling nearly ~70% from its ATH in under a year. However, the market is underestimating the feasibility of the One Fiserv plan, along with promising opportunities in new markets that will drive strong gro...
Joe Hendrickson/iStock Editorial via Getty Images Co-written with Zach Gordon Thesis Fiserv ( FISV ) is undervalued. Slowing revenue growth and tumultuous management change have led to the stock falling nearly ~70% from its ATH in under a year. However, the market is underestimating the feasibility of the One Fiserv plan, along with promising opportunities in new markets that will drive strong growth into the future and support a stable operating model that prioritizes long-term profitability over short-term stock price. For these reasons, I assign a Buy rating with a ~90% potential upside, as I see such points coming to fruition. Company Overview Fiserv produces a variety of infrastructure with many uses across commerce/banking ecosystems, with examples including: Merchant and Payment Platforms (Clover/Carat) : These physical POS systems and payment platforms allow merchants to accept payment in store and online across different card networks. Processing Infrastructure & Services (Core Banking) : Provide backbone services to banks , things such as transaction routing, authorization, and settlement (how banks move money across networks). Software and Data Solutions: Software converts transaction and customer data into real-time analytics, allowing banks/businesses to make smarter decisions regarding their finances. Fiserv Final Pitch by Zach Gordon and Jaden Mealy The company operates on a contractual basis with most of its clients ( 2025 10-K Page 88 ), with much of its value coming from the hold it has on many of the top US banks and beyond, being able to cement itself as a leader in the industry through buyouts of other large companies and extensive relationships with many of its customers. The company caters to both larger institutions and small businesses, having both physical POS systems for restaurant/store usage and larger payment platforms for banks to manage, control, and route transactions along with internal Fiserv teams. Merchant and financial solutions...
China tech has been the investment world's most reliable source of frustration for five years running. The stocks are cheap, the companies are large, and the growth narratives are intact in places — and yet the geopolitical, regulatory, and tariff backdrop keeps finding new ways to make long positions uncomfortable. The Invesco China Technology ETF ( CQQQ ) is the most direct ETF wrapper for inves...
China tech has been the investment world's most reliable source of frustration for five years running. The stocks are cheap, the companies are large, and the growth narratives are intact in places — and yet the geopolitical, regulatory, and tariff backdrop keeps finding new ways to make long positions uncomfortable. The Invesco China Technology ETF ( CQQQ ) is the most direct ETF wrapper for investors who want exposure to that tension, and right now that tension is particularly sharp. I want to be honest about what I find interesting here: it's the same thing that makes it nerve-wracking. Tariff escalation and trade war noise have hammered sentiment on Chinese equities broadly in 2026, and CQQQ's heaviest holdings are precisely the companies global investors worry about first when U.S.-China relations deteriorate. But contrarian setups require discomfort — that's definitionally how they work. What CQQQ Tracks CQQQ launched in December 2009 and tracks the FTSE China Incl A 25/50 Technology Capped Index. The fund holds approximately 169 companies, with an AUM of roughly $2.45 billion and an expense ratio of 0.65%. That fee is above the mid-range for China-focused ETFs (MCHI charges 0.59%, FXI 0.74%), so it's not egregious but not cheap either. The fund's composition is heavier on communication services and consumer-adjacent tech than a pure semiconductor play — which matters for understanding how it behaves relative to other China ETFs. The Holdings Picture The top ten holdings represent about 53.4% of the portfolio — a fairly concentrated fund for one that holds 169 names. Tencent leads at 9.67%, followed by PDD Holdings at 9.00% and Meituan at 7.95%. Baidu rounds out the heavyweights at 6.58%, with Kuaishou at 5.70%. What I find notable is that the top three — Tencent, PDD, and Meituan — are all consumer-facing platforms. PDD's Temu unit is probably the most directly exposed to U.S. tariffs of any holding in the fund. Temu's business model essentially arbitraged che...
energyy SBA Communications ( SBAC ) rose 5.7% after a report that KKR ( KKR ) and Brookfield ( BAM ) are among funds that have shown interest in a possible acquisition of the tower owner and operator. Both investors made approaches, with talks ongoing since at least late last year, according to a TMT Finance report on Wednesday, which cited unidentified sources. It's not clear if KKR and Brookfiel...
energyy SBA Communications ( SBAC ) rose 5.7% after a report that KKR ( KKR ) and Brookfield ( BAM ) are among funds that have shown interest in a possible acquisition of the tower owner and operator. Both investors made approaches, with talks ongoing since at least late last year, according to a TMT Finance report on Wednesday, which cited unidentified sources. It's not clear if KKR and Brookfield will team up or are making separate bids. Brookfield and KKR declined to comment to the publication. The update comes after SBA ( SBAC ) shares jumped 19% last Thursday after Bloomberg reported that the company was exploring options, including a potential sale , after getting takeover interest. Large infrastructure funds have been circling the tower owner and operator. More on SBA Communications SBA Communications: Shares Jump On Potential Takeover, But Uncertainty Remains High (Rating Downgrade) SBA Communications: Near-Term AFFO Pressure, But Long-Term Recovery Potential Remains SBA Communications Corporation (SBAC) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript SBAC Communications gains on report it's exploring a possible sale Highest and lowest quant-rated real estate stocks above $10B cap after earnings season
Antero Resources Corporation (NYSE:AR) is among the 12 High Growth Energy Stocks to Buy Now. On April 1, BMO Capital raised its price target on Antero Resources Corporation (NYSE:AR) to $50 from $40 while maintaining a Market Perform rating, reflecting updated first-quarter estimates and improving near-term fundamentals. The firm highlighted that Winter Storm Fern is expected […]
Antero Resources Corporation (NYSE:AR) is among the 12 High Growth Energy Stocks to Buy Now. On April 1, BMO Capital raised its price target on Antero Resources Corporation (NYSE:AR) to $50 from $40 while maintaining a Market Perform rating, reflecting updated first-quarter estimates and improving near-term fundamentals. The firm highlighted that Winter Storm Fern is expected […]
Never miss an episode. Follow The Big Take daily podcast today. In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed? On today’s Big Take podcast, Bloomberg reporter Todd Gillespie and guest host Stacey Vanek Smith un...
Never miss an episode. Follow The Big Take daily podcast today. In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed? On today’s Big Take podcast, Bloomberg reporter Todd Gillespie and guest host Stacey Vanek Smith unpack one of the most powerful companies you’ve (maybe) never heard of. Read more: With Billions to Spend, Tether Finds New Allies in Washington As Lutnick Sold Cantor to His Children, Tether Gave Them a Loan Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: click here to subscribe. This episode was produced by: David Fox; Editor: Aaron Edwards and Janet Paskin; Fact-checker: Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Gilead agreed to buy private German biotech Tubulis in a deal worth up to $5 billion as it looks to boost its portfolio in a hot new area of cancer drug development. (Source: Bloomberg)
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Gilead agreed to buy private German biotech Tubulis in a deal worth up to $5 billion as it looks to boost its portfolio in a hot new area of cancer drug development. (Source: Bloomberg)
Tyson Fury says he is "as sharp as I've ever been" ahead of his fight against Arslanbek Makhmudov at the Tottenham Hotspur Stadium and is keen to take on fellow British heavyweight Anthony Joshua, after Saturday's bout.
Tyson Fury says he is "as sharp as I've ever been" ahead of his fight against Arslanbek Makhmudov at the Tottenham Hotspur Stadium and is keen to take on fellow British heavyweight Anthony Joshua, after Saturday's bout.
Shares of Meta Platforms rose 6% after the company announced its first major new artificial-intelligence model in more than a year. The new model, called Muse Spark, will power Meta’s AI chatbot and AI features within it.
Shares of Meta Platforms rose 6% after the company announced its first major new artificial-intelligence model in more than a year. The new model, called Muse Spark, will power Meta’s AI chatbot and AI features within it.